Snap, formerly Snapchat Inc, is a camera company that develops Snapchat and Spectacles.
Snap Inc. is an American technology and camera company, founded on September 16, 2011, by Evan Spiegel and Bobby Murphy based in Santa Monica, California. It has three products: Snapchat, Spectacles, and Bitmoji. The company was originally named Snapchat Inc. upon its inception, but it was rebranded on September 24, 2016, as Snap Inc. in order to include the Spectacles product under a single company.
The founders own a combined 95% voting power (Spiegel with 48% and Murphy with 47%), which is undiluted and transferable to the other of the two when one retires or dies.
In addition to Larsen, the letter of endorsement for Harris also includes signatures from some of the most prominent figures in the tech world.
Microsoft was reported to be in the process of downsizing its gaming sector, affecting approximately 1,900 employees, which is 9% of its gaming division.
Snap’s GAAP net loss in Q3 2023 increased by 2% year-on-year to $368 million or 23 cents per share.